ARTICLES LABELLED WITH TAG Prague

News Arcona Property Fund sells Prague building
29
Nov
2017

Arcona Property Fund sells Prague building

by Import Sys
Arcona Property Fund, listed on the Amsterdam Stock Exchange, announced the successful closing of the sale last week of one of the properties in its Prague portfolio. The buyer of the functionalist administrative building on Drahobejlova Street in Prague 9 is the Czech Medical Chamber (ČLK), which has long been looking for a new building for its Prague representative office.
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News Prologis Park Prague-Uzice fully occupied
29
Nov
2017

Prologis Park Prague-Uzice fully occupied

by Import Sys
Prologis has signed a new lease agreement with ESA Group for 10,740 square metres at Prologis Park Prague-Uzice in the Czech Republic. ESA Group, one of the leading logistics companies in Central Europe, will lease Building 2, making the 97,800-square metre Prologis Park Prague-Uzice fully occupied. The company is an existing customer of Prologis at Prologis Park Prague D1 East, southeast of Prague. Cushman & Wakefield brokered the transaction.
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News CBRE manages Prague department store
29
Nov
2017

CBRE manages Prague department store

by Import Sys
CBRE has been given a new mandate for the management of a retail, office and residential building in Wenceslas Square in Prague, where Van Graaf department store is the majority tenant. The change of the building manager occurred as part of its sale. The new owner is a fund managed by BMO Real Estate Partners, part of the Bank of Montreal.
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News LaSalle Fund acquires Prague mixed-use building
24
Nov
2017

LaSalle Fund acquires Prague mixed-use building

by Import Sys
LaSalle Investment Management has acquired Palác Andel in Prague from Aberdeen Asset Management Deutschland, the German subsidiary of Aberdeen Standard Investments. This mixed-use scheme in the Prague district of Smíchov–Andel is the first Czech Republic asset for LaSalle E-REGI fund. The total purchase price reached €57.8 million. Cushman & Wakefield and Clifford Chance represented the seller. White & Case, JLL, TPA represented the buyer.
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News Prague office market vacancy rate declines
16
Nov
2017

Prague office market vacancy rate declines

by Import Sys
Although demand slightly decreased on the Prague office market in Q3 2017, the vacancy rate further declined to its current level of 7.7%, JLL reports.
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News European high streets get more expensive
16
Nov
2017

European high streets get more expensive

by Import Sys
Soaring rents have seen London’s New Bond Street rise to become the world’s third most expensive retail street, while New York’s Upper 5th Avenue and Hong Kong’s Causeway Bay retain their first and second place rankings, according to Cushman & Wakefield. Prague’s Na Příkopě Street has improved its position from last year’s 23rd to the current 22nd in a chart of the 68 most expensive high streets.
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News Redevco acquires Prague palace for €40 million
15
Nov
2017

Redevco acquires Prague palace for €40 million

by Import Sys
On behalf of one of its investor clients, Redevco, a pan-European retail real estate investment manager, has acquired the neo-renaissance and secession-style City Palais building in the heart of Prague. The retail property was purchased for more than €40 million from a group of private investors.
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News Almost no vacant industrial space left in Prague
26
Oct
2017

Almost no vacant industrial space left in Prague

by Import Sys
At the end of Q3 2017, the vacancy rate in the Czech industrial market reached 3.6%. Vacancy in Prague fell below the country average to the level of 2.8%. The Industrial Research Forum has released the final industrial market figures for Q3 2017.
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News New office developments are reshaping CEE capitals
26
Oct
2017

New office developments are reshaping CEE capitals

by Import Sys
The office markets of Central European capitals are growing dynamically with the number of new leases on the rise and vacancy rates hitting record lows in several cities. In light of all this it is no surprise that development activity is also heating up on the most popular markets of the region.
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News Commerz Real sells 50% of Prague mall to Unibail-Rodamco
25
Oct
2017

Commerz Real sells 50% of Prague mall to Unibail-Rodamco

by Import Sys
Commerz Real has founded a joint venture together with Unibail-Rodamco for the Prague shopping centre Metropole Zlicin, which has until recently been fully owned by its open-ended real estate fund hausInvest. To this end it has sold 50 per cent of its shares in the property company to Unibail-Rodamco. It was agreed that confidentiality be maintained on the purchase price. Unibail-Rodamco will be assuming the asset and property management for the centre.
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Latest news


New leases

  • Iulius Mall Suceava has attracted a raft of new tenants. LPP will inaugurate a 2,000 sqm Reserved store in October. German retailer New Yorker will open a 1,400 sqm unit, while TEDi discounter will open a 900 sqm store in the project owned by Iulius.
  • Exact Sciences, a global leader in molecular diagnostics and early cancer detection, has chosen the LIXA campus in Warsaw for its new Polish international enabling hub. The company has joined the tenants of the LIXA D office building, leasing a total of over 1,800 sqm of modern space on the first floor of the building at ul. Giełdowa 5 in Warsaw.
  • The Embassy of the Republic of the Philippines has moved to Bucharest-based SkyTower, operating out of a 580 sqm space under a 5-year lease agreement. The building also hosts the Embassy of the Republic of Korea in Romania.

New appointments

  • At the beginning of September, Ewa Ciołek and Piotr Meleszko were promoted to Senior Leasing Manager. MLP Group, recognising the internal competencies and achievements of its team, emphasises the importance of further improving the efficiency of its leasing operations, which are key to the company's dynamic growth.
  • Avison Young's Investment Advisory team in Poland has welcomed a new member, Katarzyna Sielewicz, who takes the role of Senior Consultant. Katarzyna holds a master’s degree in Finance from the Stockholm University School of Business and completed an exchange semester at Cass Business School in London. She gained international real estate experience working with the global Research and Strategic Advisory team at Cushman & Wakefield (formerly DTZ) in London.
  • Activ Property Services has announced the appointment of Ionuț Grigoraș as Partner in the industrial department. With more than 14 years of experience in the real estate sector, Grigoraș has worked with leading companies such as CTP, WDP, VLParks România, Logicor, P3, MDO, and MLP Group.

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